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Flood Disaster Protection Act (FDPA) Policy

$175.00

The purpose of this Flood Disaster Protection Act (FDPA) Policy Template is address flood hazard insurance requirements issued under the National Flood Insurance Program (NFIP), which is administered primarily under the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act (FDPA) of 1973, National Flood Insurance Reform Act of 1994, Biggert-Waters Flood Insurance Reform Act of 2012, Homeowner Flood Insurance Affordability Act of 2014, and the Joint Release entitled “Agencies Issue Flood Insurance Rule” of a financial institution to ensure loans are protected against flood hazards.

Description

Flood Disaster Protection Act Policy

The purpose of this Flood Disaster Protection Act Policy Template is address flood hazard insurance requirements issued under the National Flood Insurance Program (NFIP), which is administered primarily under the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act (FDPA) of 1973, National Flood Insurance Reform Act of 1994, Biggert-Waters Flood Insurance Reform Act of 2012, Homeowner Flood Insurance Affordability Act of 2014, and the Joint Release entitled “Agencies Issue Flood Insurance Rule” of a financial institution to ensure loans are protected against flood hazards.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Definitions – Topic 3
  • Eligible and Ineligible Structures for Flood Insurance Under the NFIP – Topic 4
  • Flood Insurance Requirements – Topic 5
  • Table Funded Loans – Topic 6
  • Exemptions to the Purchase Requirement – Topic 7
  • Amount of Flood Insurance Requirement – Topic 8
  • Waiting Period – Topic 9
  • Second Mortgages and Home Equity Loans – Topic 10
  • Condominium Policies – Topic 11
  • Other Special Situations – Topic 12
  • Escrow Requirements – Topic 13
  • Standard Flood Hazard Determination Form – Topic 14
  • Reliance on Prior Determination – Topic 15
  • Force Placement Requirements – Topic 16
  • Determination of Fees – Topic 17
  • Regulation Z Applicability – Topic 18
  • Notice of Special Flood Hazards/Availability of Federal Disaster Relief – Topic 19
  • Notice to Servicer – Topic 20
  • Notice of the Administrator of FEMA – Topic 21
  • Notice of Option to Escrow – Topic 22
  • Penalties and Liabilities – Topic 23
  • Audit Policy – Topic 24
  • Staff Training – Topic 25
  • Retention of Documentation – Topic 26

Includes the following form templates:

  • Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance (2 Pages)
  • Sample Clause for Option to Escrow Outstanding Loans (1 Page)

 

This Flood Disaster Protection Act Policy Template (approximately 16 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

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